Remodeling Your Production System
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2009-02-28
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Cornbelt Cow-Calf Conference
The Cornbelt Cow-Calf Conference is one of the longest running and most successful conferences of its type in the Midwest. For over forty years, the conference has provided an opportunity for producers, researchers, and over 70 industry representatives to come together to explore current topics and issues. This concentrated one-day conference focuses on management and production practices that contribute to making the cow-calf business profitable and competitive on a long-term basis.
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Abstract
Production systems developed and optimized with $1.25/lb calves, $2/bu corn, $40/ton hay, $30/acre pasture rents and $150/ton nitrogen need to be re-evaluated in the light of higher input costs and cheaper calves. Economic returns to cowherds depend on both revenue and costs. Both of these depend on your production system and most if not all the pieces interact within the system of production, marketing and management. Following an overview of the economic implications of changing market conditions, we discuss a few of the critical factors that producers should evaluate and before deciding to remodel their system.